Wyld Networks Interim Report January 1 to December 31, 2021: Rise in Customer Demand

The fourth quarter saw an increase in customer demand for Wild networks as the company continued to secure important partnership agreements ahead of the commercial launch of Wyld’s LoRaWAN® satellite-based IoT solution.

CEO Alastair Williamson:

“In our commercial negotiations, we started to engage customers from a new market segment compared to those we have signed so far in 2021. In the fourth quarter, we expanded our engagement to sign agreements – and form a consortium – with some of the largest terrestrial networks in the world LoRaWAN® IoT operators such as American Tower and Senet.

The Wyld team continues to make tremendous progress as we complete the foundation for a successful commercial launch of our satellite-based IoT solution scheduled for later this year. As a leading virtual satellite network operator, we are well positioned to take advantage of growing customer needs for global IoT connectivity. »

Financial summary, 2021

  • Total income, kSEK
    T4: 3,227 (1,167)
    Full year: 6,529 (5,797)
  • EBIT, kSEK
    T4: -4,230 (-4,050)
    Full year: -26,387* (-9,777)
  • Earnings per share, SEK
    T4: -0.51 (-1.44)
    Full year: -3.19 (-3.47)

* Includes the one-time charge of SEK 6.23 million mainly related to the IPO of the company.

Highlights in Q4

  • Wild networks strengthened its technical and commercial position, protecting its intellectual property and brand, with a published patent application for its advanced technology and secure trademarks for the Wyld brand.
  • The company has joined the LoRa Alliance®, the global business association supporting the LoRaWAN® open standard for the Internet of Things (IoT), to ensure that the company participates in the standardization process within the industry for its solutions.
  • Wild networks has partnered with acoustic technology innovator AgriSound to develop solutions to help maintain and optimize the pollination environment.
  • Navigator Group of Companies and Wild networks has launched a partnership whereby Navigator will pilot Wyld’s satellite-based IoT connectivity prior to the commercial launch of Wyld Connect.
  • The company has partnered with Glas Data and Overbury Enterprises to deploy satellite-connected soil moisture and water flow IoT sensors. The collaboration aims to provide and visualize critical data to achieve Overbury’s digitization goals and showcase the economic and environmental sustainability benefits of IoT in agriculture.

Significant events after Q4

  • Wild networks announced its partnership with Communications EutelsatSenet and TrakAssure, forming a global consortium to bring integrated and interoperable LoRaWAN® terrestrial and satellite connectivity to customers worldwide.
  • The company has partnered with American Tower to deploy the Wyld Connect solution in Brazil. The companies will implement a pilot of Wyld Connect before a commercial agreement.
  • Wild networks announced a partnership with Treevia to deploy its sensor-to-satellite IoT technology with the Treevia SmartForest solution, a digital platform for automated forest operations management.
  • A partnership with US-based Agrology has been entered into to deploy Wyld’s Satellite IoT solution to combine affordable satellite IoT and predictive data analytics for agriculture.
  • Wild networks has partnered with Snow Acres to bring satellite-connected data to Snow Acre’s remote soil moisture sensing technology.
  • Wyld and TrakAssure have formed a partnership to offer LoRaWAN® satellite-based global IoT connectivity for asset tracking solutions.
  • An agreement has been signed with Axceta, a Canadian company specializing in IoT hardware and software, to offer satellite connectivity for IoT solutions to enable 100% global wireless coverage.

The interim report can be downloaded at Wyld Networks’ website: www.wyldnetworks.com/investor-relations

For more information, please contact:

Alastair WilliamsonCEO Wild networks
Email: [email protected]
Tel: +44 7 824 997 689

This information is such as Wyld Networks AB is required to make public in accordance with the EU Market Abuse Regulation (EU No. 596/2014). The information has been submitted for publication, through the above contact person, to 08:30 CET to February 28, 2022.

On Wyld Networks AB

Wild networks develops and sells innovative wireless technology solutions that enable affordable connectivity anywhere in the world, addressing the concerns of businesses and individuals regarding the lack of global mobile network coverage. The solutions are primarily aimed at wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, United Kingdom in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

the Wild networks (WYLD) trades on the Nasdaq First North Growth Market. The Certified Advisor is Mangold Fondkommission AB (tel. +46 8-5030 1550, e-mail [email protected]).

Learn more at www.wyldnetworks.com

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